Purchase Price Announced for Altcoin Linked to Telegram: Worked Before! - Coin Bulletin

Analysts pointed out the region that could help the price to reverse by working on past declines for the altcoin linked to Telegram, and said it could provide another buying opportunity.

According to the latest evaluations by the cryptocurrency analysis platform Glassnode, the Telegram-linked altcoin Toncoin (TON) has a realized price of 2.43 dollars, which serves as a strong support in market downturns, allowing the price to respond upwards, and is considered to potentially offer another opportunity for investors with an average cost level.

Past data shows that when the price approaches this level, buying pressure significantly increases and the price starts to rise again. With the recent market fluctuations, TON price dropped from $6.90 to $3.75, and investors' average unrealized profit is around 54%.

This decline has particularly caused serious sell-offs among new investors, with daily losses exceeding the monthly average of $49 million, reaching five times the historical average of $10 million in the period of 2022-2024. However, this decline strengthens the possibility of approaching the critical level of $2.43 for buying.

Glassnode analysts pointed out that as we approach the realized price s level, the rapidly declining profitability affects investor behavior. Considering that in the past, the price touching this level has led to a strong upward reaction, it is considered that this level could create a strong buying opportunity again.

According to CoinGecko data, TON is currently being bought by investors around the $3.81 range.